Ripple’s stablecoin RLUSD expanded its circulating supply by 29% in the week ended June 8, adding $72.5 million and closing at $320.6 million. The movement marks the first time the token’s float crossed the $300 million threshold. Additionally, it represents a sixfold increase since the launch of RLUSD on Dec. 17, 2024. Data from Artemis […]
RLUSD surpasses $300M supply as Ripple secures UAE backing Read More »
Circle’s CRCL shares are drawing strong interest following the company’s recent listing on the New York Stock Exchange. The firm, best known for issuing the USDC stablecoin, has seen its stock price rise sharply since launch. Data from Yahoo Finance shows Circle’s stock climbed nearly 22% in pre-market trading, reaching above $130 before retracing slightly
A recent analysis posted by Artemis CEO Jon Ma has sparked discussion about Tether’s potential market value, suggesting that if the company were to go public, its valuation could reach $515 billion. This figure would place Tether among the world’s largest corporations by market capitalization, ahead of well-known names such as Costco and Coca-Cola. Jon
Bigger than Coca-Cola? If Tether went public, it could reach a $515B valuation Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Market expert Joshua Dalton has given his opinion on what cryptocurrency the world’s richest man, Elon Musk, is likely to pick for his X payments. Dogecoin has, for a while now, been rumored to be the crypto that will get the nod,
Will Elon Musk Pick XRP Over Dogecoin For X Payments? Market Expert Answers Read More »
Maple Finance has deployed its liquid yield-bearing stablecoin, syrupUSDC, on the Solana network using Chainlink’s Cross-Chain Interoperability Protocol, introducing new capital strategies and institutional lending primitives into one of crypto’s most liquid ecosystems. Maple’s native SYRUP token jumped 8% on the launch news, holding a market cap of nearly $420 million. The integration allows users
Yield bearing stablecoin comes to Solana via Maple Finance’s Chainlink integration Read More »
Uber is exploring dollar-pegged stablecoins as a tool for transferring funds across its global network, CEO Dara Khosrowshahi said on June 5 at the Bloomberg Tech conference in San Francisco. Khosrowshahi explained that blockchain-based tokens could settle payments faster than traditional correspondent bank channels and eliminate layers of foreign exchange fees. He said that stablecoins
Uber eyes stablecoins for faster settlements, lower FX costs for global operations Read More »
Circle’s (CRCL) shares more than tripled minutes into their New York Stock Exchange debut on June 5, touching $103.75 less than 30 minutes following its launch and resulting in several volatility halts. The price peak is 234% above the initial public offering (IPO) price of $31, which captured over $1 billion by selling 34 million
Circle, the issuer of the USDC stablecoin, officially began trading on the New York Stock Exchange (NYSE) on June 5 under the ticker symbol CRCL. The listing milestone marks a significant milestone for the firm as it becomes one of the few major crypto-native companies to go public through a traditional listing. Circle CEO Jeremy
Circle makes Wall Street debut as first major stablecoin issuer on NYSE Read More »
Venezuela’s government has arrested at least 20 moderators of the popular Instagram page “Monitor Dólar,” accusing them of terrorism, money laundering, and fraud for publishing the widely used parallel exchange rate, Interior Minister Diosdado Cabello has reported.. The sweep, which began in night‑time raids on May 29, revives tactics last seen during the country’s 2013‑18 hyper‑inflation
Venezuelans turn to stablecoins as Government arrests Instagram FX rate account mods Read More »
Circle Internet Group Inc., a prominent player in the stablecoin arena, successfully navigated its initial public offering (IPO), raising nearly $1.1 billion in an upsized deal that saw shares priced above the initially marketed range. This strong market reception is being interpreted as a significant indicator of the increasing acceptance and perceived legitimacy of stablecoin
Circle raises $1.1 billion in upsized IPO, prices shares at $31 Read More »
